Stock of Interest

Posted On: September 12, 2023

Stock Report: USHAMART(NSE) 11 Sep 2023

Usha Martin Ltd is engaged in the business of the production of wire rope. The company’s operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufacture and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India. 

#xCalData predicts that # USHAMART will continue its bullish phase over the next five days and trend within the range of 351 to 384. 

In comparison to the previous month, the price of the stock has experienced an increase of 9.88% indicating a bullish. 

The Stock has doubled 4 time(s) since 31 Dec 2015 and took an average of 1.8 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData